homeowners insurance changes Archives

Homeowners insurance at Citizens shedding some weight

May 17, 2013May 25, 2013 Julie Campbell

Florida homeowners insurance, Citizens Property

Lawmakers have given the state backed insurer the ability to take action to reduce its policyholders. The state backed homeowners insurance company, Citizens, in Florida, will now be reducing its number of policyholders following the approvals that it has recently received from lawmakers. Hundreds of thousands of policies will no longer belong to Citizens but will be shifted to the private market. Certain areas are being affected more heavily than others. Many lawmakers are using this as a kind of pilot program to be able to decide how reforms for…

Homeowners insurance policy changes on the way in New Zealand

March 26, 2013March 25, 2013 H. Cutner

Policyholders are being cautioned that they should learn about these changes to ensure that they are properly covered. Officials in New Zealand are warning homeowners insurance policyholders that there are some major changes on the way, and that they will likely be placing the liability for correct valuations on the back of the property owners. This announcement was from the Insurance Council of New Zealand, which is warning property owners to take necessary steps. Homeowners insurance companies are preparing to introduce a new method of sum-insured calculation that would come…